Answer:
Hi there!!
$159,936
Explanation:
Sales proceeds $475,000
Less: book value
Cost $383,500
Accumulated depreciation <u> $(68,436) </u> <u> $315,064 </u>
Gain $159,936
Since Sylvio has maintained its investment for more than a year, the tax law allows reducing the tax on capital gain although the form of calculation of the profit is the same as for common cases.
In this case tax rate drops from 39.6% to 20%.
Answer: Customer centric philosophy
Explanation: In a customer centric way of doing business, the main focus of the entity remains on providing a customer positive experience before and after the sale. This can be achieved by customizing the offered goods or services as per the needs of the customers.
Thus, from the above we can conclude that the right answer is customer centric philosophy.
The effect of the transaction by Atkins Company of collecting payment for an amount owed by a customer is One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.
<h3>How does an increase and decrease in assets affect the accounting equation?</h3>
The fact that a customer owed Atkins Company means that the customer was an accounts receivable which is an asset account.
The cash that Atkins Company collected is also an asset. So, the transaction simply led to one asset(accounts receivable) being reduced and the other asset(cash) being increased. The amount is the same so there would be no effect.
Find out more on changes to the accounting equation at brainly.com/question/27905497
#SPJ1
Answer:
It means that it produces less than the output at which the average total cost is minimized
